Dec 21, 2012 11:30pm PST
and deficit reduction. >> reporter: remarks came after speaker of the house john boehner failed to bring plan b to the floor. it would have raised taxes on those americans making more than $1 million a year. >> we had a number of our members who just really didn't want to be perceived as raising taxes. >> reporter: the two sides left blaming each other for inaction. democrats said the failure in the house pointed for a need for more compromise by the gop. >> republicans got the message loud and clear. >> reporter: he said the next move needs to come from the president. >> he is the only one who can do it. this isn't john boehner's problem to solve. >> without a deal tax hikes and spending cuts are set to trigger after january 1. in washington. >>> just released figures show the price of a home in november rose to the highest level since 2008. data show the average sale price for a single family home in november was $883,000. that is up 16% from 2011. the price of condos rose 40%, $468,000. a lack of inventory is driving the spike. >> reporter: investors -- >>> investors reacted badly that no
Dec 24, 2012 11:30pm PST
for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: president obama is in hawaii for christmas. he says he will cut his vacation short to try to hammer out a deal with republicans. i'm andrew spencer reports. >>> fears over if fiscal cliff dampened hopes on the stock market. >>> on the heels of a public outcry, instagram has been hit with with their first civil lawsuit. the first action suit filed in criminal court friday stems from the company's proposal to change its terms of service. an instagramish user leveled claims against the company. instagram claims the complaint is without merit. >> thousands gather to celebrate christm
Dec 25, 2012 11:30pm PST
year we were in a deficit situation and we really needed to make up some ground. luckily we have a lot of ground water storage capacity. this series of storms have helped with the reservoir capacity. >>> a member of the alpine meadow ski patrol has died after being buried in an avalanche. bill foster died overnight at a reno hospital. yet the ski patrol used explosives to trigger the avalanche in a private area of the resort near lake tahoe. resort officials say the avalanche broke much higher and wider on the slope than expected burying foster in the snow. >>> we'll go to the sierra for updates on conditions there tonight as this latest storm bringing everyone more snow to the high country. you can get the latest weather conditions any time online or on your mobile device at ktvu.com. look for the link to storm tracker 2 near the top of the page. you can also follow us on twitter. we postupdates on the ktvu channel 2 facebook page. >>> police found dozens of shell casings on the ground where a man was shot and killed. neighbors told our photographer that they heard multiple gunshots.